Channel 4: £40M Digital Content Fund

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Channel 4 has stumped up £20M for a new digital content fund, the 4IP fund, totaling £40M with match funding and planned to grow to £50M. Based in Birmingham with Advantage West Midlands, the fund is highly experimental, aimed at new platforms on a trial basis for the next two years. More cities will be added as commissioning centres after the scheme launches in July. More details are at the Guardian.